Jun 20, 2013 1:00pm PDT
the gravy train by tapering off the stimulus it stumps into the economy, sometime in the near future. he hasn't even announced it yet. i want to get to felicia taylor at the new york stock exchange. explain what happened there to trigger the second day of selloffs. >> the debate has begun as to when that tapering, that slight pullback, and i do mean slight. he's not taking all of the stimulus out of the market at once. traders discussing whether or not it's going to happen in the next month or possibly 2014, what that does to the market. we were down about 380 points before the closing bell. so we have come back a little bit and that is a good sign. but some traders say these kind of selloffs could continue because the debate is going to continue. but what we've really got to focus on is the economy. are we seeing enough positive signs in the economy? so far it's a very mixed picture for the federal reserve to feel confident enough to begin that slow tapering down. the answer is not really. they need at least three monies of positive economic news for him to begin that stimulus pullback.
Jun 19, 2013 1:00pm PDT
pleasure, thank you. >>> next in the money lead, the head of the fed says the economy is improving but free money is still flowing. so where do we stand now? plus, amnesty, the word that might kill the immigration reform bill. many conservatives coming to washington are fed up. i will ask democratic congressman castro whether he thinks the immigration reform bill has a chance in the house. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ hooking up the country whelping business run ♪ ♪ trains! they haul everything, safely and on time. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your business rolling now, everybody sing. ♪ norfolk southern what's your function? ♪ ♪ helping this big country mo
Jun 17, 2013 1:00pm PDT
americans feel the economy is starting to recover and their perceptions about the economy is starting to go up. usually the president rides those numbers up. there may be an erosion of attributes that may cause some irreparable harm for his second term agenda. that's what i'd be very worried about. >> we should also say congress have having incredibly poor approval ratings as well. when we said that to the white house, they said, well, congress is barely out of single digits. and that's true. if you worked at the white house now, would you be worried? >> i also like to look at trend lines but i don't see any reason for concern here. if you look a little deeper beyond the overall approval and the voter opinions on economy and jobss are he unchanged. he's within the margin of error. there is not that devastating dip that others are trying to portray. >> on the economy and jobs? >> on the economy of jobs. he's within the margin of error and that's the encouragement here, that this isn't some devastating dive that's unrecoverable. i think mark's point about the clump of scandal coverage is cert
Jun 18, 2013 1:00pm PDT
not really so much just for the party but potentially for the health of the country and the economy. so that's where you would put your effort. the bottom line on this, though, i think, ultimately for republicans is where is the incentive? life is not very complicated. no matter what your job is, you have to get something done. for these house republicans there's very little incentive to vote for something. to van's point they're going to get primaried. almost all of them do. the average republican district right now is 75% light. there are nine republicans in the house who represent a majority/minority district. even those who sit in heavy districts have a significant latino population, they're also very republican districts. you have to -- the speaker has to find a way to get those folks to vote against their most immediate incentive, which is to be re-elected. >> fortunately we have republicans who look past their district boundaries and look past it and hopefully there's enough of those. i'm an optimist. >> coming up on "the lead," a new tip for a search in a field for jimmy hoffa's body